US HB6779

Lowers the ownership threshold for USDA direct farm loan eligibility from "a majority" to "at least 50 percent" interest in the farming entity for farm ownership, operating, and emergency loans

Allows "qualified operators" as defined by the Secretary of Agriculture to meet operator requirements for all three loan types

Permits operating-only entities to qualify for loans if one or more farm real estate owners hold at least 50 percent of the applicant entity

Establishes eligibility for "embedded entities" (farms owned in part by other entities) if at least 75 percent of total ownership interests are held directly or indirectly by qualified operators

Amends Sections 302, 311, and 321 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1922, 1941, and 1961)